Raipur Queens Club India Gets Major PPP Boost for Wellness Hub
Queens Club of India in Raipur gets major PPP push to become a world-class hospitality and wellness hub with indoor sports, gym, swimming pool, and premium residences.
Category : Economy
Goa Power Outage Caused by Grid Failure, Minister Says
A major power outage in North Goa, including hospitals and coastal areas, was caused by a central grid failure. Minister Dhavalikar cites equipment shortage and grid dependency.
Gujarat Cabinet OKs Services Commissionerate, Rs 100 Cr Fund
Gujarat cabinet approves a new services commissionerate and a Rs 100 crore growth fund to boost IT, tourism, and logistics, aiming for balanced economic growth.
RVUNL Achieves Record Thermal Power Output of 7,171 MW
Rajasthan Vidyut Utpadan Nigam Ltd (RVUNL) recorded its highest-ever thermal power generation of 7,171 MW on June 2, surpassing the previous peak of 6,833 MW from January 2025.
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India Unveils Uniform Framework for District Economic Data
India's statistics ministry released a uniform framework for district-level economic output estimates with a new base year of 2022-23, aiming to improve data consistency and comparability across states and Union Territories.
India Services PMI Hits 6-Month High at 59.8 in May
India's services PMI rose to a six-month high of 59.8 in May, driven by robust domestic demand, signaling strong economic momentum.
Residents Urge Action on Delayed Batlapalli Flyover
Locals near Hosur demand construction of a flyover at Batlapalli, awarded over a year ago, as a new bus stand threatens to worsen traffic congestion.
Cabinet Approves Rs 39,290 Crore Package for Key Sectors
The Union Cabinet approved a Rs 39,290 crore package for aviation fuel stabilisation, coastal highways, and transport modernisation, including a Rs 10,000 crore ATF fund and vehicle scrappage scheme.
Govt Caps ATF at Rs 75.60/L for Domestic Flights
The Union Cabinet capped ATF at Rs 75.60/litre for domestic operations and announced a Rs 10,000 crore price stabilization fund to support airlines amid the West Asia crisis.
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RBI Rejects Reports of $12 Billion Gold Sale
RBI refutes claims it sold $12 billion in gold to support the rupee, clarifying that physical gold stock remains unchanged at 880.52 tonnes. PIB also labels the Bloomberg report as fake.
CKGSB Opens First Permanent Campus in Beijing
Cheung Kong Graduate School of Business opens its first permanent Beijing campus, bridging China's past and future. The 30,000 sqm facility hosts 275 new EMBA students.
Indian markets open lower amid FII outflows, geopolitical concerns
Indian equity benchmarks opened lower on Wednesday, with Sensex and Nifty falling amid continued FII outflows and geopolitical tensions in West Asia. IT stocks were the worst performers.
Frequent Power Cuts Plague Newer Sectors of Noida
Residents in newer sectors of Noida face frequent power cuts due to aging infrastructure and delayed budget disbursals, affecting daily life and summer comfort.
RBI may have sold gold to shore up forex reserves
A report suggests the RBI sold gold in recent months to bolster forex reserves amid pressure on the rupee and rising import costs. The move indicates strategic reserve management.
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PNG Connection Delays Due to Approval Issues in Dharwad
IOAGPL's Dharwad asset head cites delays in PNG connections due to slow permissions for land digging and road cutting. Talks with district administration planned to expedite approvals.
India to Phase Out WPI, Adopt Producer Price Index
India will introduce a Producer Price Index (PPI) on June 15, 2025, with a 2022-23 base, phasing out the Wholesale Price Index (WPI) over five years to better track factory gate inflation.
Excavator Operator Dies in Tenkasi Quarry Rock Fall
A 23-year-old excavator operator died after a large rock fell on his machine at a stone quarry in Tenkasi district. Police are investigating safety violations.
Maharashtra Cabinet Approves $2 Billion Road Project
The Maharashtra cabinet approved a $2 billion road improvement project funded by AIIB and NDB, aiming to upgrade 1,500 km of roads in two phases to boost economic growth.
DAP Shortage Looms in Maharashtra, Farmers Face Steep Costs
With a likely DAP shortage ahead of kharif sowing, Maharashtra farmers are forced to switch to costlier alternatives, leading to reduced fertiliser use and concerns over crop yield.
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IndiGo to Suspend Manchester Flights from August 3
IndiGo has announced suspension of its Manchester flights from August 3, citing escalating operational costs and airspace restrictions. The airline will offer refunds or rebooking options to affected passengers.
PM Modi's Gulf Move Pays Off; India-Oman CEPA Gamechanger
India's trade pact with Oman is proving to be more than a free trade agreement. Amid tensions threatening the Strait of Hormuz, the CEPA offers zero-duty access, alternative ports, and strategic resilience.
Iran Inflation Hits 77.2%, Highest Since WWII
Iran's annual inflation surged to 77.2% in May, the highest since WWII. War, US sanctions, and structural issues deepen the economic crisis, with prices of essentials rising 113.8%.
India Replaces WPI with Producer Price Index for Better Gauge
India is replacing the Wholesale Price Index with a Producer Price Index to better capture price changes across the economy. The new index will align with global standards and improve policy decisions.
India Tightens Silver Import Curbs, Requires Prior DGFT Approval
India has tightened silver import restrictions by requiring prior authorization from the DGFT, following earlier curbs on high-purity bars and semi-manufactured forms.
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India to Replace WPI with PPI Gradually
India will gradually transition from Wholesale Price Index to Producer Price Index, aligning with global best practices and IMF recommendations to better measure producer inflation.
India's May electricity consumption rises nearly 11% on heatwave
Electricity consumption in India rose nearly 11% in May 2025 compared to last year, driven by heatwaves. Peak demand hit a record 270.8 GW on May 21.
Rupee Drops 10 Paise to 95.29 Against US Dollar
The Indian rupee fell 10 paise to close at 95.29 against the US dollar on Tuesday, after touching an intraday low of 95.31 at the interbank foreign exchange market.
Rising fuel prices may spike inflation by 48 bps: Crisil
A Crisil report warns that rising petrol and diesel prices could add up to 48 basis points to CPI inflation, impacting food and core inflation through higher transport and logistics costs.
Rising Fuel Prices Risk Reigniting Inflation in India
Petrol and diesel prices have surged by Rs 7.5 per litre since mid-May, with further hikes likely if crude oil remains high, threatening to stoke inflation.
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India Under Modi: Fragile Five to Vulnerable One
India's economic trajectory under PM Modi has shifted from being part of the 'Fragile Five' to a 'Vulnerable One', raising concerns about growth and stability.
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